The pig iron market in the United States has softened this week on poor global scrap prices and expectations of a domestic scrap price reduction.
Metal Bulletin's price assessment for US pig iron imports declined to $400-405 per tonne cfr on Friday August 3, from $410-415 per tonne cfr a week before.One deal for 30,000 tonnes of pig iron was heard at around $375 per tonne fob from southern Brazil, a price that would be close to $397-400 per tonne cfr in the US. The deal was understood to have been done early this week.The price was a reduction from the...